Surface Protection Films Market Size | Industry Trends 2022-28
The global surface protection films market size was valued at USD 2,085.3 million in 2021 and is poised to grow at a significant CAGR of 5.1% during the forecast period 2022-28. An increase in demand for surface protection films in construction activities drives the market. Construction projects in developing countries contribute to air pollution, which releases various dust particles that contaminate a variety of items. Surface protection films are helpful in this situation because they protect the product's surface while also decreasing wear and tear. Protective films are complementary goods whose demand is influenced by the increasing need for substrates in the end-use sector. These elements are expected to aid in the market's progress. Increasing focus on infrastructure improvements in various sectors, particularly in developing countries, construction activities have witnessed a significant rise in demand for surface protection films. Surface protection films are used as complimentary items, coupled with their demand directly affected by the popularity of substrates in several end-use sectors. Moreover, the increasing expansion of the automation industry, along with demand for connected consumer devices embedded with flat-screen systems, are likely to catalyze the popularity of the surface protection films market.
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Polyethylene (PE) Segment Dominates the Surface Protection Films Market:
In 2021, the Polyethylene (PE) segment accounted for larger revenue share and was projected to grow with a CAGR of 5.0% from 2022 to 2028. This is because polyethylene protective films are composed of the polyethylene polymer, which is the most widely accessible and least expensive polymer among protective films.
The global surface protection films market segmentation:
- By Product Type: Polyethylene (PE), Polyurethane (PU), Poly Vinyl Chloride (PVC), and Others
- By End User: Electronics, Construction & Interior, HealthCare, Automotive, and Others
Asia Pacific Leads Surface Protection Films Market:
In 2021, Asia Pacific had the most revenue share in the global surface protection films market, and the region represented a revenue share of 23.7% that amounted to USD 497.5 Mn. The Asia Pacific market is primarily driven by rising building activity in emerging nations such as India and China, which results in dust particles being discharged into the air and necessitates particle protection. Furthermore, a growing middle-class population, rising industrialization, urbanization, and rising consumer purchasing power have contributed to the market's expansion over the anticipated period. Moreover, North America is expected to contribute the most to the market due to the region's vast customer base and established economy.
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Key player’s profiles in the surface protection films market report are Pregis LLC., ECOPLAST LTD, POLIFILM GROUP., NITTO DENKO CORPORATION., Chargeurs, Tredegar Corporation, Dunmore corporation, and Bubble Pacage Private Limited.
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